According to the U.S. Bureau of Labor Statistics, prices for financial services were 202.76% higher in 2018 versus 1989.
Between 1989 and 2018: Financial services experienced an average inflation rate of 3.89% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1989 would cost $1,513.82 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for financial services was similar.
In the year 1989: Pricing changed by 6.10%, above the average yearly change for financial services during the 1989-2018 time period. Compared to inflation for all items in 1989 (4.83%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: